Sale of fuel dropped 10 per cent more than normal due to coronavirus: Petroleum dealers’ body

CHENNAI: The Consortium of Indian Petroleum Dealers have for the second time written to the three major oil companies, seeking a stimulus financial package, saying it is very challenging to operate as fuel sales have dropped more than 10 per cent from normal due to the COVID-19 outbreak.

CIPD President M Narayana Prasad said the Oil Marketing Companies HPCL, IOCL, BPCL had neglected to revise the dealer margins since August 2017 which subsequently led to retail outlet operations becoming ‘exceptionally challenging’.